Common use of Remuneration for Cimarron Trustee’s Start-Up Fees and Expenses Clause in Contracts

Remuneration for Cimarron Trustee’s Start-Up Fees and Expenses. The Cimarron Trustee shall be entitled to remuneration from the Cimarron Trust Administrative Account of up to $37,000 for its reasonable fees and expenses in connection with the formation of the Cimarron Trust prior to the Effective Date. Where the Cimarron Trustee, the United States, and the relevant Lead Agency agree that the Cimarron Trustee accrued pre-Effective Date fees and expenses in furtherance of activities that post-Effective Date would constitute Environmental Action, those pre- Effective Date fees and expenses shall be paid from the Environmental Cost Accounts. After the Effective Date, the Cimarron Trustee will submit detailed invoices reflecting its pre-Effective Date fees and expenses for approval by the United States, NRC and the State of Oklahoma.

Appears in 5 contracts

Samples: Environmental Response Trust Agreement, Environmental Response Trust Agreement, Environmental Response Trust Agreement

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